This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to the above table. Suppose there are technological advances in the production of smartphones. ... (Read 225 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
Refer to the above table. Suppose there are technological advances in the production of smartphones. The new equilibrium price will be
 
  A) 275.
  B) 375.
  C) less than 275.
  D) between 275 and 375.

Question 2

Suppose that one firm produces a product that results in negative external costs to society. This information suggests that
 
  A) resources are under-allocated to the firm.
  B) the equilibrium market price of the product includes the external costs borne by society.
  C) resources are over-allocated to the firm.
  D) at the market price, quantity demanded is less than quantity supplied.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierrahalpin

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Engineer

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Excellent

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
Latest element on the Periodic Table Latest element on the Periodic Table
Body mass index table. Body mass index table.
a) Avoid bending your spine from working with the table too low. b) Avoid hiking your shoulders from ... a) Avoid bending your spine from working with the table too low. b) Avoid hiking your shoulders from ...
College and university attendance is associated with developmental advances College and university attendance is associated with developmental advances
(a) Graph for converting values to p values. (b) Table of values for selected values of df (a) Graph for converting values to p values. (b) Table of values for selected values of df
Video: The Lac Operon in E. Coli

For a complete list of videos, visit our video library